YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING SOLUTIONS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Funding your business properly is a key for all business owners/mgrs. How do we finance business cash flow to the point where we have the right financing in place to continue and grow the business? The goal? A constant positive hum in cash! Let's dig in.
A great way to think of cash flow is simply focusing on how funds move via your incoming revenues and outgoing expenses. Pretty basic, right? But when profitable business can even fail when cash flow fails, that ' pretty basic' statement becomes all-important.
Having the right financing in place is, of course, only one solution to the challenge, albeit an important one. For start-up or earlier stage firms, that is all-important; yet at the same time, the wrong financing at the wrong rates and structures is also a double-edged sword, especially when your key assets secure financing.
We're all for growing sales revenues, but problems quickly arise when you overextend credit and are improperly financed. Those challenges are most often solved by monetizing current assets - your A/R and inventory. Finance solutions available? They include:
Bank revolving credit lines
A/R Commercial financing
Inventory loans
Asset-based non-bank lines of credit (They combine receivables, inventories as well as fixed assets into one credit line)
Some alternative funding solutions for current assets include SR&ED tax credit financing, royalty finance, and PO financing.
Those above-noted solutions keep cash flow ' humming, ‘keeping suppliers, lenders, and employees ' happy.'
Another potential major drain on our ' cash flow hum ' is the need to acquire assets to run your business. While the temptation from such ideas as ' pride of ownership ' has some business owners/mgrs purchasing assets outright, that can be a huge drain on our cash flow hum. The optimal solution here, more often than not, is Equipment Financing/Leasing. Financing assets from daily operations is rarely the right thing to do.
We'll also mention that for those firms with inventories, the key to inventory management solid asset turnover and maintaining the right inventory levels- always a challenge!
A good way to look at the 'big picture' in business cash flow is to isolate the movement of cash into what you can call the ' constant daily hum' of regular selling and collecting while assessing 'non-regular outflows such as asset purchases, seasonal bulges in your business, new or large contracts.
When you're looking at putting the right lending facility in place for managing business cash flow, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can ensure you're tapping into the right financing sources for your... cash flow hum!
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Stan Prokop
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